inTEST Reports 2020 Fourth Quarter & Year-End Financial Results

  • Q4 2020 Bookings Increased 22% Sequentially and 58% Year-over-Year
  • Grew Backlog by $5.9 Million to $11.5 Million at End of 2020 Compared to End of 2019

MT. LAUREL, N.J., March 05, 2021 (GLOBE NEWSWIRE) -- inTEST Corporation (NYSE American: INTT), a global supplier of innovative test and process solutions for use in manufacturing and testing across a wide range of markets, including automotive, defense/aerospace, industrial, medical, semiconductor and telecommunications, today announced financial results for the quarter and full year ended December 31, 2020.

2020 Fourth Quarter Financial Summary

($ in Millions, Except Per Share Data) Three Months Ended
  12/31/2020 9/30/2020 12/31/2019
Semi Market Bookings (1) $ 11.1   $ 7.2   $ 4.6  
Multimarket Bookings (2)                6.5     7.2                  6.5  
Total Bookings $ 17.6   $ 14.4   $ 11.1  
       
Semi Market Bookings (1) - % of Total Bookings              63%                50%                41%  
Multimarket Bookings (2) - % of Total Bookings              37%     50%                59%  
       
Semi Market Net Revenues (1) $ 7.6   $ 7.4   $ 6.1  
Multimarket Net Revenues (2)   7.3     7.0                  7.5  
Total Net Revenues $ 14.9   $ 14.4   $ 13.6  
       
Semi Market Net Revenues (1) - % of Total Net Revenues   51%                51%                45%  
Multimarket Net Revenues (2) - % of Total Net Revenues   49%                49%                55%  
       
Gross Margin - $ $ 6.7   $ 6.5   $ 6.5  
Gross Margin - %   45%                45%                48%  
       
Net Earnings (Loss) (GAAP) (3) $ (0.4 ) $ 0.5   $         0.7  
Net Earnings (Loss) per diluted share (GAAP) (3) $ (0.04 ) $ 0.04   $    0.07  
       
Adjusted Net Earnings (Loss) (Non-GAAP) (4) $ (0.1 ) $ 0.8   $ 1.0  
Adjusted Net Earnings (Loss) per diluted share (Non-GAAP) (4) $ (0.01 ) $ 0.07   $ 0.10  
       
EBITDA (Non-GAAP) (4) $ 0.0   $ 0.9   $ 1.1  
       
  As of
  12/31/2020 9/30/2020 12/31/2019
Cash and cash equivalents $ 10.3   $ 9.5   $ 7.6  

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